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ADVANCED PETROCHEMICAL COMPANY ANNOUNCES THE APPOINTMENT OF THE CHAIRMAN AND THE VICE CHAIRMAN OF THE BOARD OF DIRECTORS AND THE FORMATION OF THE BOARD COMMITTEES

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Announcement Detail Advanced Petrochemical Company announces that the new Board of Directors in its fifth term commencing 1/10/2019G for a period of three (3) calendar years has issued resolutions in its first meeting held on 14/02/1441H corresponding to 13/10/2019G. The Board resolved in the said meeting the appointment of Mr. Khalifa A. Al Mulhem as the chairman of the Board of Directors and the appointment of Mr. Waleed M. Al Jaafari as the Vice Chairman of the Board of Directors.

The Board also approved the formation of the Board Committees and the appointment of their chairmen according to the following:

A. Nomination and Remuneration Committee

1) Dr. Sultan M. Al Solaiman (Chairman of the Committee).

2) Mr. Khalifa A. Al Mulhem (Member of the Committee).

3) Mr. Waleed M. Al Jaafari (Member of the Committee).

B. Executive Committee

1) Mr. Khalifa A. Al Mulhem (Chairman of the Committee).

2) Mr. Abdulaziz A. Al Molhem (Member of the Committee).

3) Mr. Sami A. Al Suwaigh (Member of the Committee).

4) Mr. Mohammed K. Al Mulhem (Member of the Committee).

5) Mr. Abdulaziz A. Al Habardi (Member of the Committee).

Noting that the Audit Committee were appointed by the Extraordinary General Assembly at its 8th Meeting held on 18 Muharram 1441H corresponding to 17 September 2019 and their names are:

1) Mr. Abdullah A. BuAli (Chairman of the Committee).

2) Mr. Abdulaziz A. Al Molhem (Member of the Committee)

3) Dr. Sultan M. Al Solaiman (Member of the Committee)

4) Mr. Waleed M. Al Jaafari (Member of the Committee)

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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